Uniregistry now gives (and accepts) #TopCoin For registrations today and for renewals and transfers tomorrow! Buy premiums with TPC soon 🙂
— Frank Schilling (@Frank_Schilling) November 12, 2014
According to a tweet from Uniregistry founder Frank Schilling, Uniregistry is now accepting Topcoin to pay for domain registrations across all extensions. By the end of the day today, Topcoin can also be used for inbound domain transfers and renewals across all extensions. I was told company will soon accept the cryptocurrency to pay for premium domain names offered by the registry, such as registry reserved .Link, .Help, .Property and other domain names.
I was told “Uniregistry customers receive 50% of their purchase in topcoin at no additional charge when they buy, transfer or renew a domain name. They can redeem 20-35% of registration, transfer or renewal purchases in Topcoin. Early in the new year you will be able to redeem up to 100% of premium domain name purchases in Topcoin.”
Topcoin (TPC) is a cryptocurrency that was introduced in
February of 2014 (update: see comment from Miles below), and I understand that it can be converted into Bitcoin (and vice versa) relatively easily. According to Frank, Topcoin “acts as a discounting mechanism and we intend to offer 100% exchange of top coin for premium names at low conversion rates by late this year.” Because the actual cost of each premium-designated registry domain names is nil, the potential downside risk of Topcoin currency fluctuations is relatively minimal.
I believe Namecheap was the first domain registrar to accept Bitcoin (or any cryptocurrency) to register domain names, as the company announced on its blog in March of 2013. Uniregistry will be the first domain registry to offer customers the ability to purchase premium domain names with cryptocurrency.
The company will also accept TPC for a percentage of Name Administration Inc. premium domain names. In addition, I was told the company will likely roll this option out to clients who use DomainNameSales.com once the platform is migrated inside Uniregistry, which is expected early in 2015. I am sure there will be an official announcement once this happens.